On Friday, Shares of Cisco Systems, Inc. (NASDAQ:CSCO), gained 1.15% to $29.03.
Cisco Systems stated its fourth quarter and fiscal year results for the period ended July 25, 2015. Cisco stated fourth quarter revenue of $12.8 billion, net income on a generally accepted accounting principles (GAAP) basis of $2.3 billion or $0.45 per share, and non-GAAP net income of $3.0 billion or $0.59 per share.
Q4 2015 Highlights
Revenue — Total revenue was $12.8 billion, up 4%. Product revenue and service revenue each raised 4%. In terms of total revenue by geographic segment, Americas was up 7%, while both EMEA and APJC were flat. Product revenue growth was led by Partnership and Data Center at 14% each. Switching and NGN Routing grew by 2% and 3%, respectively.
Gross Margin — On a non-GAAP basis, total gross margin and product gross margin were 62.1% and 61.0% respectively. The decrease in non-GAAP product gross margin as contrast to the third quarter of fiscal 2015 was driven by pricing and product mix partially offset by productivity. Non-GAAP service gross margin was 65.9%. Total gross margins by geographic segment were: 62.7% for the Americas, 62.1% for EMEA, and 59.5% for APJC. On a GAAP basis, total gross margin, product gross margin, and service gross margin were at 60.2%, 59.0% and 64.5%, respectively.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol (IP) based networking products and services related to the communications and information technology industry worldwide.
Shares of National Oilwell Varco, Inc. (NYSE:NOV), declined -0.70% to $39.55, during its last trading session, hitting its lowest level.
National Oilwell Varco declared that its Board of Directors declared the regular quarterly cash dividend of $0.46 per share of common stock, payable on September 25, 2015 to each stockholder of record on September 11, 2015.
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The company’s Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components.
Finally, Energen Corp. (NYSE:EGN), ended its last trade with 0.13% gain, and closed at $54.19.
Energen Corporation senior managers will meet with members of the investment community at The Oil & Gas Conference® 20 in Denver, sponsored by EnerCom Inc., on August 17-18, 2015. The Company will broadcast its formal presentation live over the Internet on Tuesday, August 18, at 5:35 p.m. ET (3:35 p.m. MT).
Energen Corporation, through its partner Energen Resources Corporation, explores for, develops, and produces oil, natural gas, and natural gas liquids in the United States.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
